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This article is brought to you in association with OECD. Today Colombia has formally become an OECD Member, the 37th country to do so in the Organisation’s near 60-year history. Colombia has now completed its domestic procedures for ratification of the OECD Convention and deposited its instrument of accession. This brings to a successful conclusion an […]
This article is brought to you in association with OECD. With global economic activity facing a historic drop and government spending rising dramatically, the implications of the Covid-19 crisis on public finances and tax revenues are significant. Drawing on its multi-disciplinary expertise, the OECD is deploying its data gathering and analytical capacities to help governments face […]
This article is brought to you in association with OECD. In the face of the coronavirus outbreak, the OECD Working Group on Bribery reaffirms its collective commitment to fight foreign bribery under the Anti-Bribery Convention. The coronavirus (COVID-19) pandemic is bringing unprecedented challenges, human suffering, uncertainty and major economic disruption on a global scale, which in […]
This article is brought to you in association with OECD. The OECD will release 2019 official development assistance (ODA) data at 16:00 Paris time (14:00 GMT) on Thursday 16 April. Journalists and civil society representatives are invited to a Zoom presentation of the data with OECD Secretary-General Angel Gurría, Development Assistance Committee (DAC) Chair […]
This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría called today for sweeping joint action by governments to defeat the health, economic, and social threats of the coronavirus (Covid-19) pandemic. In calling on governments to better coordinate their efforts, Gurría announced that the OECD would channel its efforts into immediate support […]
This article is brought to you in association with OECD. Costa Rica recently strengthened its anti-bribery laws by introducing corporate criminal liability. Despite this achievement, loopholes in the definition of the foreign bribery offence and its enforcement raise significant concerns, according to a new report by the OECD Working Group on Bribery. The 44-country Working Group […]
This article is brought to you in association with OECD. Life has generally improved for many people in OECD countries over the past 10 years but inequalities persist and insecurity, despair and disconnection affect significant parts of the population, according to a new report. OECD’s latest How’s Life? report says household disposable income per capita has […]
This article is brought to you in association with OECD. The impacts of the coronavirus on people’s health and daily life, stock markets, and businesses illustrate the increasingly interconnected nature of the challenges facing governments around the world. Putting systemic thinking at the centre of policy making will be essential to address these issues in an […]
This article is brought to you in association with OECD. The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. Covid-19 is spreading from China to other regions causing human suffering and economic disruption. It is raising health concerns and the risk of […]
This article is brought to you in association with OECD. Violence in North and West Africa is increasingly targeting civilian and border regions as today’s conflicts involve non-state actors with diverging agendas, according to a new report by the OECD’s Sahel and West Africa Club (SWAC). The report uses granular data to assess the intensity […]
This article is brought to you in association with OECD. The volume of corporate debt reached an all time high in real terms of USD 13.5 trillion at the end of 2019, driven by the return of more expansionary monetary policies early in the year. At the same time, the overall quality of corporate debt has […]
This article is brought to you in association with OECD. Ireland needs to prepare itself to meet rising pressures on public finances from an ageing population and significant external risks such as new EU-UK trade barriers post Brexit. Another important development could be future changes to the international tax rules, according to a new OECD report. […]
This article is brought to you in association with OECD. New economic analysis shows that a proposed solution to the tax challenges arising from the digitalisation of the economy under negotiation at the OECD would have a significant positive impact on global tax revenues. The analysis, released today, puts the combined effect of the two-pillar solution […]
This article is brought to you in association with OECD. Violence in North and West Africa is increasingly targeting civilian and border regions as today’s conflicts involve non-state actors with diverging agendas, according to a new report by the OECD’s Sahel and West Africa Club (SWAC). The report uses granular data to assess the […]
This article is brought to you in association with OECD. The OECD unemployment rate remained stable at 5.1% in December 2019. Across the OECD area, 32.6 million people were unemployed, around the level before the financial crisis. In the euro area, the unemployment rate declined to 7.4% in December (from 7.5% in November), the same level […]
This article is brought to you in association with OECD. The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and will continue working toward an agreement by the end of 2020, according to the Statement by the Inclusive Framework on BEPS released […]
This article is brought to you in association with OECD. Belgium’s tax, labour, pension and education reforms have improved the potential for stronger, sustainable and inclusive growth over the long term. Keeping up this momentum on structural reforms is key to energise the economy and keep it resilient to external risks and uncertainties, according to a […]
This article is brought to you in association with OECD. Italy’s structural reforms of recent years have improved the financial health of the corporate sector and contributed to a gradual economic recovery. However, the Italian economy still lags other large European economies. Improving the way capital markets function would help drive investment in the real economy, […]
This article is brought to you in association with OECD. Huge changes to the world of work over the past two decades have made little impact on teenagers’ career expectations, which have become more concentrated in fewer occupations, according to a new OECD report. Dream jobs: Teenagers’ career aspirations and the future of work says 47% […]
This article is brought to you in association with OECD. I am very disappointed that COP25 in Madrid did not achieve the decisive, collective and ambitious outcomes that the climate emergency demands from world leaders. Despite the commendable efforts by Chile as Chair and the impressive work by Spain as host, this unsatisfactory result reflects the […]
This article is brought to you in association with OECD. Just two years after the entry into force of its corporate liability legislation, Colombia concluded its first foreign bribery case against a corporation in 2018 and is currently carrying out 20 foreign bribery investigations into companies. These are encouraging steps, and Colombia should now increase the […]
This article is brought to you in association with OECD. Brazil has identified a clear pathway for bringing its existing transfer pricing framework into alignment with the international consensus, and is weighing two options – immediate or gradual implementation, according to a new joint report by the OECD and Receita Federal, Brazil’s federal revenue authority (RFB). […]
This article is brought to you in association with OECD. Estonia’s economy is performing well, and public finances are in excellent shape, yet growth is softening and spending pressures from infrastructure needs and an ageing population are mounting. Efforts should now focus on improving income equality and well-being, greening growth and accelerating the country’s digital transformation, […]
This article is brought to you in association with OECD. The OECD Working Group on Bribery considers that it is ready to conduct the Phase 3 evaluation of the Russian Federation, provided that Russia further aligns its foreign bribery offence with the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (OECD Anti-Bribery […]
This article is brought to you in association with OECD. Growth of real gross domestic product (GDP) in the G20 area as a whole was stable at 0.7% in the third quarter of 2019, according to provisional estimates, but it slowed in the majority of G20 economies. GDP contracted in South Africa (by 0.1%, following growth […]
This article is brought to you in association with OECD. India is set for a modest recovery after a loss of momentum, as reforms to simplify taxation, lighten business regulations and upgrade infrastructure start to bear fruit. Further reforms to modernise the economy are now needed to drive the creation of high-quality jobs, as well as […]
This article is brought to you in association with OECD. Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. The 2019 edition of the OECD’s annual Revenue […]
This article is brought to you in association with OECD. One in four students in OECD countries are unable to complete even the most basic reading tasks, meaning they are likely to struggle to find their way through life in an increasingly volatile, digital world. This is one of the findings of the OECD’s latest PISA […]
This article is brought to you in association with OECD. Donor countries must do more to bring development finance in line with climate goals, raising the share used for climate action and reducing to zero the amount that supports new fossil fuel activities, according to a new OECD report. Aligning Development Co-operation and Climate Action: The […]
This article is brought to you in association with OECD. The European Commission has today announced €50 million to help the most vulnerable people affected by the Ebola epidemic in the Democratic Republic of Congo. The funding will address urgent needs and provide continued support to the Congolese population, notably to improve food security and access […]
This article is brought to you in association with OECD. The global trade in fake goods, from cosmetics to car parts, is costing the UK economy billions of dollars a year in forgone company sales, overpriced products and tax revenues, and was behind more than 86,000 lost jobs in 2016, according to a new OECD report. […]
This article is brought to you in association with OECD. G20 international merchandise trade (in current US dollars, seasonally adjusted) continued its downward trend in the third quarter of 2019, approaching two-year lows. Compared with the second quarter of 2019, exports contracted by 0.7% and imports by 0.9%, partly reflecting a nearly 20% fall in oil […]
This article is brought to you in association with OECD. On 26-27 November, the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris will bring together more than 500 delegates from 131 member jurisdictions for renewed discussions on efforts to advance the tax transparency […]
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